Profit Cycles, Oligopoly, and Regional Development

Profit Cycles Oligopoly and Regional Development The dramatic shifts in heartland regional economies in the U S and other advanced industrial countries have thrown into question the ability of capitalist development to produce permanent growth econ

  • Title: Profit Cycles, Oligopoly, and Regional Development
  • Author: Ann Markusen
  • ISBN: 9780262132015
  • Page: 294
  • Format: Hardcover
  • The dramatic shifts in heartland regional economies in the U.S and other advanced industrial countries have thrown into question the ability of capitalist development to produce permanent growth, economic well being, and balanced regional development This book develops a theory that radically reconceptualizes the economic forces producing regional change and tests it empThe dramatic shifts in heartland regional economies in the U.S and other advanced industrial countries have thrown into question the ability of capitalist development to produce permanent growth, economic well being, and balanced regional development This book develops a theory that radically reconceptualizes the economic forces producing regional change and tests it empirically for a set of fifteen sectors in the U.S It offers a pioneering approach which should enable planners and managers to better cope with baffling changes in the current economic viability of regions.Traditional theories of regional development have failed to account for innovation and longrun structural change They have ignored the role of corporate strategy and the existence of market power Markusen s profit cycle theory provides a key to understanding how, why, and when a region s leading industries undergo major changes The theory is synthetic, building upon Schumpeterian and Marxist work on innovation and capitalist dynamics, upon the product cycle theories of business economists, and upon theories of oligopolistic behavior Markusen argues that changing sources of profitability along an industry s evolutionary path will first concentrate and later disperse production geographically, setting in motion a methodically destabilizing process for regional economies.The profit cycle theory is tested in depth against the steel sector s experience over a century, and against the experiences of sectors in different stages of development, ranging from innovative ones like semiconductors and computers, to mature and troubled sectors like automobiles, textiles, and lumber The temporal and crosssectional data drawn from the census of manufactures support the theory and its spatial hypotheses In a final chapter Markusen explores the implications of the research for regional development.Ann Markusen is Assistant Professor, Department of City and Regional Planning, University of California, Berkeley.
    Profit Cycles, Oligopoly, and Regional Development The Jul , Profit Cycles, Oligopoly, and Regional Development The MIT Press Ann Markusen on FREE shipping on qualifying offers The dramatic shifts in heartland regional economies in the U.S and other advanced industrial countries have thrown into question the ability of capitalist development to produce permanent growth Profit Cycles, Oligopoly, and Regional Development The Profit Cycles, Oligopoly, and Regional Development By Ann Markusen This book develops a theory that radically reconceptualizes the economic forces producing regional change and tests it empirically for a set of fifteen sectors in the U.S. Profit Cycles, Oligopoly, and Regional Development by Ann Markusen s profit cycle theory provides a key to understanding how, why, and when a region s leading industries undergo major changes The theory is synthetic, building upon Schumpeterian and Marxist work on innovation and capitalist dynamics, upon the product cycle theories of business economists, and upon theories of oligopolistic behavior. Profit Cycles, Oligopoly and Regional Development by Profit Cycles, Oligopoly and Regional Development Stage Zero profits Stage Normal profits Successful Innovation creates a new sector Potential competitors will try to enter to the market although patents can exists. Profit Cycles, Oligopoly, and Regional Development Ann The profit cycle theory is tested in depth against the steel sector s experience over a century, and against the experiences of sectors in different stages of development, ranging from innovative ones like semiconductors and computers, to mature and troubled sectors like automobiles, textiles, and lumber. Profit cycles, oligopoly, and regional development Book Profit cycles, oligopoly, and regional development Ann R Markusen Home WorldCat Home About WorldCat Help Search Search for Library Items Search for Lists Search for Contacts Search for a Library Create lists, bibliographies and reviews or Search WorldCat Find items in libraries near you Effect of Oligopoly on Economy Lawaspect OLIGOPOLY PROFIT The profit of firms in oligopoly is determined exactly in the same fashion as in other forms of markets from optimum quantity where marginal revenue equals marginal cost, price is determined on the demand curve and unit cost on the average total cost curve However, this determination may be affected by the kinked demand curve. Oligopoly Oligopoly Oligopoly is a market structure in which the number of sellers is small Oligopoly requires strategic thinking, unlike perfect competition, monopoly, and monopolistic competition. Tourism oligopoly is at work ScienceDirect A classic symptom of oligopoly in the mature phases of the profit cycle is for the dominant firm to monopsonize resources Haywood then suggests that scale economies and strategic alliances can provide industrial structures that facilitate lower contract

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